For PG&E To Survive And Thrive When It Emerges From Bankruptcy, It Must Achieve Four Goals After 18 months in bankruptcy, California’s biggest utility has emerged victorious. It is confronted with the same issues that led it to this position in bankruptcy. The 18-month bankruptcy of Pacific Gas & Electric has concluded. It now has […]
Friendly’s: The Rise and Fall Friendly’s announced on November 2, 2020, that it filed Chapter 11 bankruptcy owing to the “catastrophic effects of COVID-19.” Friendly’s: The rise and fall of the fast-casual chain known for its ice-cream and diner-style meals, filed for bankruptcy just 85 years after it was founded in 1935. Friendly’s was established […]
What is Bankruptcy and How Does It Work? If you are in deep debt and have no other options, bankruptcy may be an option. You should be aware of the risks and benefits associated with such a drastic move. We will explain how bankruptcy work and help you decide if it is the right option […]
The Van Elslander Family Is Buying Back Art Van Furniture’s Rights To Its Name Gary Van Elslander (the founder’s son) offered $6 million to acquire the name rights through a family investment company called VEC. The transaction was authorized by a bankruptcy court judge overseeing Art Van Furniture’s ongoing liquidation case. The legal rights to Art […]
Windstream Emerges After Chapter 11 Reorganization Windstream Holdings declared Monday that it was free from Chapter 11 bankruptcy protection. Windstream, a privately-owned business, has eliminated more than $4Billion in debt and has approximately $2 billion available for future development. Windstream was established in 2006 as a traditional telecommunications company. Windstream is now a software and communications company. […]
Thomas Cook Airlines: Rise & Fall Thomas Cook filed for bankruptcy in 2019, leaving thousands of travelers stranded overseas. Thomas Cook’s origins Thomas Cook is a rare travel company that can trace its history back to 1841. Cook hired a Midland Counties Railway train to transport 500 people from Leicester, England, to Loughborough. It was […]
Sears’ Future is in Jeopardy Sears Holdings, the parent company of Sears and Kmart, filed into bankruptcy less than two years ago. Although the business that emerged from bankruptcy had much less debt, it is nonetheless precarious. Sears has struggled in the year since it emerged from bankruptcy. The coronavirus epidemic may spell the last […]
According to the NRA, its finances are sound. So, why would it file for bankruptcy? The National Rifle Association boasted that it was financially sound when it filed for Chapter 11 bankruptcy protection. The powerful gun lobbying group stated that “In fact, the move comes at a time when the NRA’s strongest financial condition in many […]
One Analyst Believes That GameStop’s Stock Fluctuations Could Save It From Bankruptcy Although GameStop’s recent stock price surge has nothing to do with its financial health, it could give them the chance to avoid bankruptcy. One market expert believes that the recent spike in trading and subsequent swings of GameStop’s stock prices could help prevent […]
What Does Frontier’s Bankruptcy Mean For Customers? Frontier Communications filed for bankruptcy on April 14, 2020. This has caused concern among many Frontier customers. Many are worried about their Frontier TV, internet, and phone service. We’re going to walk you through the possible consequences for Frontier subscribers, even though the details can be complicated. It is important […]